Short Interest in Lanvin Group Holdings Limited (NYSE:LANV) Declines By 48.3%

Lanvin Group Holdings Limited (NYSE:LANV) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 7,668 shares, a drop of 48.3% from the November 30th total of 14,836 shares. Based on an average trading volume of 48,995 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 48,995 shares, the days-to-cover ratio is currently 0.2 days.

Lanvin Group Stock Up 4.9%

Shares of NYSE:LANV traded up $0.09 during midday trading on Friday, reaching $1.92. 28,403 shares of the company were exchanged, compared to its average volume of 42,628. The firm has a market cap of $268.38 million, a PE ratio of 24.00 and a beta of -0.23. Lanvin Group has a fifty-two week low of $1.38 and a fifty-two week high of $2.69. The stock has a fifty day simple moving average of $2.02 and a two-hundred day simple moving average of $2.13.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lanvin Group in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Lanvin Group Company Profile

Lanvin Group (NYSE:LANV) is a global luxury fashion company centered on the heritage French brand Lanvin. The group designs, manufactures and distributes a broad range of upscale apparel, leather goods, footwear, accessories and fragrances. Its product portfolio spans womenswear, menswear and unisex items, complemented by seasonal collections and signature handbag lines.

Founded in 1889 by Jeanne Lanvin in Paris, Lanvin holds the distinction of being one of the oldest continually operating French couture houses.